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20120901
20120930
Search Results 0 to 3 of about 4 (some duplicates have been removed)
callum. good morning to you. good morning everybody at home. first lady michelle obama headlines the democratic national convention last night. it was a big night for her. she stood in front of a crowd of faithfuls and basically said that the president needs another four years to finish the job. >> i see the concern in his eyes and i hear the determination in his voice as he tells me, you won't believe what these folks are going through, michelle. it's not right. we've got to keep working to fix this. we have so much more to do. [cheers and applause] [shouting]. bill: so already now we have reaction from the romney team saying in part, quote on the first night of president obama's convention not a single speaker uttered the words americans are better off now than they were four years ago. our country deserves real solutions an a plan to turn our economy around, end quote. bob cusack, managing editor of "the hill." let's get to romney's comment first. the speech last night, how did it play? >> bill i was in the arena. it played very well. brought down the house t was genuine. at the same time ve
. this has huge political implications as it comes after first lady michelle obama speaks to the dnc. there is a huge economic warning signal being made here. number one, $16 trillion worth of debt which means we owe more than our economy produces in any one year. our debt is bigger than our economy. secondly, we're now going to be paying close to $10 billion a week in interest alone. about a half trillion a year. 10 billion a week. up from nine billion last year. and about a quarter of that interest will be paid to foreigners. it will go out of the country. japan, china, britain, they're the three major holders of our debt. they all get about a quarter of all of this interest that is flowing and it will flow out of the country. so political impact, and a big economic danger signal too, martha. martha: we know, it was a huge focus of the rnc last week in tampa. big debt clock that loomed over the proceedings there. you simply don't hear much though about the debt from president obama. do you expect we'll hear hear anything about it at all this week? >> very little because it is a big
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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